1. What is PCB Calculation for 2023?

Definition: PCB (Potongan Cukai Bulanan) is the Malaysian monthly tax deduction system where employers deduct income tax from employees' salaries.

Purpose: This calculator helps determine the correct monthly tax deduction amount based on current chargeable income and other factors.

2. How Does the PCB Calculator Work?

The calculator uses the formula:

Where:

• \( P \) — Accumulated chargeable income (RM)
• \( M \) — Deduction from tax table (RM)
• \( R \) — Tax rate (%)
• \( B \) — Amount from tax table (RM)
• \( Z \) — Zakat paid (RM)
• \( X \) — Accumulated PCB paid (RM)
• \( Q \) — Other deductions (RM)
• \( n \) — Remaining months in the year

Explanation: The formula calculates the monthly tax deduction by considering chargeable income, tax rates, previous deductions, and remaining months.

3. Importance of Accurate PCB Calculation

Details: Proper PCB calculation ensures correct tax payments, avoids underpayment penalties, and prevents overpayment that would need refunds.

4. Using the Calculator

Tips: Enter all required values including chargeable income, tax table values, any zakat payments, previously paid PCB, other deductions, and remaining months.

5. Frequently Asked Questions (FAQ)

Q1: Where do I find M and B values?
A: These come from the official LHDN PCB tax tables for 2023 based on your income bracket and status.

Q2: What if my calculated PCB is negative?
A: The calculator will show 0 as you cannot have negative PCB deductions.

Q3: How do I determine remaining months (n)?
A: Count how many months are left in the calendar year from current month.

Q4: Are zakat payments mandatory for calculation?
A: No, but including them reduces your taxable amount if you pay zakat.

Q5: What's included in "other deductions"?
A: This can include tax reliefs, rebates, or other allowable deductions.